SEMESTER 2, 2022
Faculty of Business and Economics
Econometrics计量经济学代上网课 Assignments that exceed word limits may also attract a marking penalty in line with University policy.
1 Subject outline
Econometrics 2 builds directly on the statistical foundations and linear regression analysis con- veyed in subjects such as Quantitative Methods in Year 1 and Econometrics 1 in Year 2 of the Bachelor of Commerce.
Econometrics 2 contrasts descriptive and causal interpretations of regression, and introduces instrumental variable (IV) methods to estimate causal effects when the key assumption for a causal interpretation of ordinary least squares (OLS) estimates, exogeneity, is violated. Statisti- cal theory and simulation methods are used to derive and discuss the statistical properties of IV and OLS estimators. Econometrics计量经济学代上网课
The subject also discusses methods for panel data (repeated observations of the same units over time), such as fixed effects regressions, which provide another approach to handle certain types of exogeneity violations. Shifting from causality to prediction, the course concludes with an introduction to time series analysis.
Subject overview and aims
For a subject overview and overall aims see here.
2 Learning outcomes Econometrics计量经济学代上网课
For intended learning outcomes and generic skills, see here.
3 Eligibilty and requirements
For eligibility and requirements, see here.
4 Academic staff contact details Econometrics计量经济学代上网课
Full contact details are on the LMS page.
Lecturer (subject coordinator)
Consultation hours: Mondays, 10:30am-11:30am. Previous appointment essential.
(E-mail protocol: See section 10 of this guide.)
Lecture time and venue
Each week there are two 1-hour lectures:
Monday, 9 a.m. – 10 a.m.; location: PAR-Law-GM15 (David P. Derha Theatre) Wednesday, 9 a.m. – 10 a.m.; location: PAR-Law-GM15 (David P. Derha Theatre)
Recordings of the lecture via lecture capture technology will be made available for those not able to attend lectures in person.
Tentative lecture schedule
6 Tutorials Econometrics计量经济学代上网课
Tutorials are designed to practice and apply the econometric techniques covered in lectures. Data analysis will be conducted with the free statistical software R.
Tutorials start in Week 1 of the semester. Enrol in tutorials through My Timetable.
Details and date of your tutorial can be found on the University timetable. There are both on campus and online tutorials. If the timetable shows no room for a tutorial, it is an online tutorial. For these, zoom details will be posted on the LMS page of the subject. Online tutorials are not recorded.
Tutorial problem sets are released on the subject’s LMS page Mondays around 12pm. Full solutions to the problem sets are released Fridays around 6 pm.
Students are expected to attend and actively participate in their tutorials. This requires reviewing the lectures and problem sets prior to attending the tutorials. Econometrics计量经济学代上网课
Private tutoring services
The Faculty of Business and Economics (FBE) has become increasingly concerned about the existence of a number of private tutoring services operating in Melbourne that heavily target University of Melbourne students enrolled in FBE subjects. Students are urged to show caution and exercise their judgement if they are considering using any of these services. Any claim by any of these businesses that they have a “special” or “collaborative” or “partnership” style relationship with the University of Melbourne or FBE is false and misleading.
Any claim by a private tutoring service that they are in possession of, or can supply you with, forthcoming University of Melbourne exam or assignment questions or “insider” or “exclusive” information is also false and misleading.
The University of Melbourne has no relationship whatsoever with any of these services and takes these claims very seriously as they threaten to damage the University of Melbourne’s reputation and undermine its independence.
It is also not appropriate for students to provide course materials (including University of Mel- bourne curricula, reading materials, exam and assignment questions and answers) to operators of these businesses for the purposes of allowing them to conduct commercial tutoring activi- ties. Doing so may amount to misconduct and will be taken seriously. Those materials contain intellectual property owned or controlled by the University of Melbourne.
We encourage you to bring to the attention of FBE staff any behaviour or activity that is not aligned with University of Melbourne expectations or policy as outlined above.
7 Assessment Econometrics计量经济学代上网课
The assessment for this subject comprises the following:
|Assignment 1||Group||Thursday, 18 August, 23:59pm||7.5%|
|Assignment 2||Group||Thursday, 1 September, 23:59pm||7.5%|
|Assignment 3||Group||Thursday, 22 September, 23:59pm||7.5%|
|Assignment 4||Group||Thursday, 20 October, 23:59pm||7.5%|
|Final Exam||Individual||Examination Period||70.0%|
Hurdle Requirement: To pass this subject, students must pass the final exam.
- Assignment groups: Groups must contain from 1 to 4 students. Students in a group need not be in the same tutorial. Every group member will be given the same mark.
- Submission: Assignments must be submitted online through LMS.
- Details of presentation, format, submission, etc. will be provided in due time on the sub- ject’s LMS page and in the instructions of the assignment. Please note that you are re- quired to keep a copy of your assignment after it has been submitted as you must beable to produce a copy of your assignment at the request of teaching staff at any time after the submission due date.
The final exam will be held online during the examination period. It will correspond to a 2-hour examination in terms of content, but it will last 3 hours to give students extra time for typesetting and uploading.
Penalties for Late Submission and Exceeding Word Limits
In order to ensure equality for all students, assignments and exam must be submitted by specified deadlines. Late submissions will attract the following marking penalties (unless approval for late submission has been granted):
Assignments: Late assignments will not be accepted. Students with a genuine and docu- mented reason for not completing an assignment, such as illness, can apply for special consid- eration to have to have the marks for that assignment re-weighted to the exam..
Assignments that exceed word limits may also attract a marking penalty in line with University policy. Students with a genuine and acceptable reason for not completing an assignment (or other assessment task), such as illness, can apply for special consideration (see Policies below). Exam: Late submissions will attract a 10% penalty (of the total maximum mark for the exam) Econometrics计量经济学代上网课
if submitted after the scheduled completion time (for instance, an exam scheduled at 3:00pm with 180 minutes writing time + 30 minutes reading time will have a completion time of 6:30pm). Submissions 30 minutes after the completion time will not be marked. This exam requires file uploads; these files may take some time to complete their upload in peak exam times. Students are advised to allow sufficient time to upload and check files prior to the scheduled completion time. File uploads must be fully completed by the examination completion time.
Students who were prevented from submitting due to technical difficulties will need to apply for technical consideration with supporting documentation.
The main recommended reference for this subject is
- Stock JH, Watson MW (2015), Introduction to Econometrics, 3rd Edition,
Any edition of this textbook, newer or older, is equally fine for this subject. In addition, the lecture draws on the following references for specific topics:
- Angrist JD Pischke JS (2009), Mostly Harmless Econometrics: An Empiricist’s Companion, 1st Edition, Princeton University Press.
- WooldridgeJM (2019), Introductory Econometrics: A Modern Approach, 7th Edition, Cengage.
The computer software used in Econometrics 2 is R Studio, which can be downloaded for free from the web.
First, one has to install R; and then, R Studio, which is an easy and rich interface for R. R can be downloaded and installed from https://cran.r-project.org.
R Studio can be downloaded and installed from https://rstudio.com. (Choose the free R Studio Desktop Open Source Edition.)
An introduction to R Studio will be provided in the tutorials in Week 1.
10 E-mail Protocol Econometrics计量经济学代上网课
Please note that we are only able to respond to student emails coming from a University email address. Please do not use personal email addresses such as Yahoo, Hotmail or even business email addresses. Emails from non-University email addresses may be filtered by the University’s spam filter, which means that we may not receive your email. All correspondence relating to thissubject will only be sent to your University email address. Note that you must first activate yourUniversity email address before you can send or receive emails at that address. You can activate your email account at this link: http://accounts.unimelb.edu.au/.
While academic staff endeavor to address queries received via email, it is more appropriate toresolve substantive questions during tutorials and/or during normal consultation hours. With thisin mind, we encourage students to attend all lectures and tutorials and to familiarise themselves with the consultation hours offered by the lecturers and tutors in this subject.
Furthermore, where possible, students are encouraged to post questions and comments in the subject’s online discussion forum, so that everyone in the group can benefit from the responses.
Please observe basic email etiquette when writing to staff (use greetings, closings, sign with your name, etc.).
11 Academic integrity
The University maintains high academic standards in its courses and subjects and expects stu- dents to conduct themselves in a manner which is fair, honest and consistent with the prin- ciples of academic integrity, particularly when undertaking assessment and research. http:
Each source used for a written piece of assessment must be referenced. This is to acknowledge that your material is not based entirely on your own ideas, but is based, in part, on the ideas, information, and evidence of others. This is desirable as you are attending University in order to learn from others.
You will be required to use the APA system of referencing. The library has prepared a website to help students correctly reference: http://www.library.unimelb.edu.au/recite Econometrics计量经济学代上网课
It is important that all material you present for assessment is referenced correctly. Material that has not been referenced correctly may be considered to be plagiarised and, as such, may be penalised. We will also look for evidence that material included in the bibliography has been used in the assignment.
The Academic Skills Unit has produced resources to assist students with referencing
The Library also provides advice on referencing: http://library.unimelb.edu.au/cite
12 University Services
MyTimetable is a class timetabling system that creates individual timetables for students based on submitted class preferences, ensuring everyone has an equitable opportunity of getting their preferred class timetable. You will use this system to create your class timetable prior to each study period.
By following a preference-based model, students who have other commitments, such as em- ployment or carer responsibilities, or who are returning or living overseas during the timetabling period, aren’t disadvantaged by their limited availability. When allocating class timetables, My- Timetable also takes into consideration factors such as class size limits and potential clashes to ensure all students are equally accommodated. Further information is available on the web at https://students.unimelb.edu.au/admin/class-timetable
Stop 1: Connecting Students and Services
Stop 1 is here to provide you with a range of support services throughout your university degree, from help with enrolment, administration and wellbeing to advice on building your skills and experiences. https://students.unimelb.edu.au/stop1
Academic Skills offers a range of workshops and resources to help you with study skills including researching, writing and referencing, presentation skills and preparing for exams. Visit their website via https://students.unimelb.edu.au/academic-skills. Econometrics计量经济学代上网课
The University of Melbourne offers one of the most comprehensive student support networks in Australia. Use this site to locate a wide range of services http://services.unimelb.edu.au/ finder
Students attend counselling to talk about personal, emotional, or mental health issues which might be affecting their study and life. The University’s Counselling and Psychological Services (CAPS) provides free, confidential, short-term professional counselling to currently enrolled stu- dents and staff. https://services.unimelb.edu.au/counsel
Student Equity and Disability Support
Student Equity and Disability Support provides services for students who need ongoing support with their studies. They understand that adjustments to learning and assessment are sometimes required to allow all students to reach their full potential. Learn more about the services provided, how to find support and how to register for assistance. http://services.unimelb.edu.au/ student-equity
As well as holding an extensive collection of books, ebooks, digital media and periodicals, library staff provide research guidance and support for students. http://library.unimelb.edu.au/
These Business and Economics Library Guides have been designed specifically for Fac- ulty of Business and Economics staff and students. http://unimelb.libguides.com/sb.php? subject_id=80310
13 Policy Econometrics计量经济学代上网课
13.1 Alternative Exam Arrangements (AEA)
The definition of and eligibility requirements for alternative exam arrangements (AEA) can be found via http://students.unimelb.edu.au/admin/alternate .
13.2 Assessment and Results Policy
The UniversityÕs assessment policy provides a framework for the design, delivery and imple- mentation of assessment of students in award and non-award courses and subjects. Assessment is designed to contribute to high quality learning by students, and to allow for quality assurance and the maintenance of high academic standards. https://policy.unimelb.edu.au/MPF1326